Welcome to our dedicated page for Aflac news (Ticker: AFL), a resource for investors and traders seeking the latest updates and insights on Aflac stock.
Aflac Incorporated sells supplemental health and life insurance through businesses in Japan and the United States. Its news commonly covers earnings from Aflac Japan and Aflac U.S., sales trends in medical, cancer, life, accident, dental, vision, disability and long-term care products, and capital actions such as dividends and share repurchases.
Company updates also address worksite and group benefits, absence and paid-leave administration, reinsurance activity through Aflac Re Bermuda, and health-related initiatives tied to cancer screening and patient support. Product announcements in Japan include Anshin Palette medical insurance, Miraito cancer insurance and Tsumitasu life insurance, while U.S. updates focus on group voluntary benefits, network dental and vision, group life, disability and long-term care riders.
Aflac reported second quarter 2020 revenues of $5.4 billion, down from $5.5 billion year-over-year. Net earnings were $805 million or $1.12 per diluted share, compared to $817 million or $1.09 last year. Significant pretax net investment losses of $166 million were noted, primarily due to credit losses. Total investments grew to $142.2 billion. The company declared a $0.28 dividend per share for Q3 2020. Aflac anticipates sales to be affected by COVID-19, with a potential recovery in the second half of the year.
Aflac Incorporated (NYSE: AFL) will release its second quarter financial results on July 28, 2020, after market close. Detailed earnings materials will be accessible on the company's Investor Relations website. A conference call to discuss the results, featuring key executives, will be held on July 29, 2020, at 9:00 a.m. (ET). The call will focus on the company's financial performance and outlook, particularly in the context of the ongoing COVID-19 pandemic.
Aflac expresses deep sorrow over the passing of Congressman John Lewis, a revered civil rights leader. In a statement on July 18, 2020, Aflac's Chairman and CEO, Daniel P. Amos, highlighted Lewis's dedication to justice and equality, remembering him as a friend to Georgia and to Aflac's workforce. Lewis's legacy as a freedom fighter and his contributions to civil rights are commemorated, with a call for unity in fulfilling his ideals. Aflac had previously honored him with its Lifetime Achievement Award in 2006.
Aflac has been recognized as the 17th best large organization to work for in IT by IDG Insider Pro and Computerworld, marking its 20th consecutive inclusion on this prestigious list. The ranking is based on comprehensive assessments of benefits, career development, and employee satisfaction amongst IT professionals. The COVID-19 pandemic has highlighted Aflac's adaptability, with over 5,000 employees successfully transitioning to remote work. Aflac continues to emphasize the importance of innovation and resilience among its staff during these challenging times.